William Blair Estimates GitLab’s Q1 Earnings (NASDAQ:GTLB)

GitLab Inc. (NASDAQ:GTLB) – William Blair issued their Q1 2026 EPS estimates for shares of GitLab in a report released on Tuesday, March 4th. William Blair analyst J. Ader anticipates that the company will post earnings per share of ($0.07) for the quarter. The consensus estimate for GitLab’s current full-year earnings is ($0.31) per share. William Blair also issued estimates for GitLab’s Q2 2026 earnings at ($0.07) EPS, Q3 2026 earnings at ($0.05) EPS, Q4 2026 earnings at ($0.05) EPS, FY2026 earnings at ($0.24) EPS and FY2027 earnings at ($0.16) EPS.

Several other brokerages also recently issued reports on GTLB. Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price target on shares of GitLab in a report on Tuesday, March 4th. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 price objective on shares of GitLab in a research report on Tuesday, March 4th. Macquarie restated an “outperform” rating and issued a $90.00 price objective on shares of GitLab in a research report on Tuesday, March 4th. Wells Fargo & Company raised their price objective on shares of GitLab from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Finally, DA Davidson lowered their price objective on shares of GitLab from $70.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.38.

GitLab Stock Down 3.2 %

Shares of GTLB stock opened at $56.38 on Friday. GitLab has a 12-month low of $40.72 and a 12-month high of $74.18. The company has a market capitalization of $9.15 billion, a P/E ratio of -176.19 and a beta of 0.67. The firm has a 50-day moving average price of $64.31 and a 200 day moving average price of $58.99.

Insider Activity

In related news, CFO Brian G. Robins sold 10,000 shares of GitLab stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $67.59, for a total value of $675,900.00. Following the sale, the chief financial officer now owns 242,803 shares of the company’s stock, valued at approximately $16,411,054.77. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robin Schulman sold 9,251 shares of GitLab stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $70.00, for a total value of $647,570.00. Following the completion of the sale, the insider now directly owns 121,893 shares in the company, valued at approximately $8,532,510. This represents a 7.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 740,257 shares of company stock worth $44,710,867 over the last three months. Corporate insiders own 21.36% of the company’s stock.

Institutional Trading of GitLab

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in shares of GitLab by 5,700.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock valued at $29,000 after acquiring an additional 513 shares during the last quarter. CoreCap Advisors LLC increased its position in shares of GitLab by 327.5% in the fourth quarter. CoreCap Advisors LLC now owns 590 shares of the company’s stock valued at $33,000 after acquiring an additional 452 shares during the last quarter. IMG Wealth Management Inc. acquired a new position in GitLab during the fourth quarter worth approximately $46,000. True Wealth Design LLC acquired a new position in GitLab during the third quarter worth approximately $56,000. Finally, Raleigh Capital Management Inc. acquired a new position in GitLab during the fourth quarter worth approximately $66,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

About GitLab

GitLab Inc, through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. It offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle.